Edmonton Real Estate Market Report for May 2024

Edmonton's real estate market saw continued momentum in May 2024, with a total of 3,220 residential unit sales, marking an increase of 3.3% over April 2024 and 18.9% over May 2023. New listings surged by 13.4% compared to the previous month and 12.6% compared to the previous year. Average prices across housing types witnessed growth, with detached homes averaging $546,390 and apartments at $206,591. The market remained active, with homes spending an average of 33 days on the market.